The recent judicial move by the New York State Attorney General’s (NAYG) against Galaxy Digital concerning its marketing connections to the now-defunct cryptocurrency Terra (LUNA) was unjust and an exploitation of the legal framework, according to SkyBridge Capital and its founder, Anthony Scaramucci.“This is LAWFARE, plain and simple, due to a little-known yet perilously influential New York statute called the Martin Act,” Scaramucci stated in an X post dated March 28.Martin Law can “create opportunities for exploitation”“The statute does not necessitate proof of intent, establishing a minimal burden of proof that can create opportunities for exploitation like this. It should…
Autore: wsjcrypto
Sincere appreciation to Vlad Zamfir, Chris Barnett, and Dominic Williams for concepts and motivation In a recent blog article, I detailed some provisional solutions for scalability, all of which fall under the umbrella of Ethereum 1.0 in its current form. Tailored micropayment protocols like channels and probabilistic payment systems could facilitate minor payments, utilizing the blockchain solely for eventual settlement, or merely probabilistically. For certain computation-intensive applications, computation can be performed by one entity by default, but in a manner that can be “pulled down” for auditing by the entire network if any party suspects wrongdoing. Nonetheless, these strategies are…
The Federal Deposit Insurance Corporation (FDIC) has released new instructions permitting banks under its oversight to partake in bitcoin and cryptocurrency activities without needing pre-authorization. This action reverses a contentious policy that was enforced during the Biden administration. In a declaration issued on March 28, the FDIC stated that banks are now allowed to engage in crypto-related services such as custody and trading if they adequately address the associated risks. The agency will also aim to replace outdated regulations with revised crypto guidance. The alteration in policy was announced in a new Financial Institution Letter that annuls previous rules from…
Globe’s Chief Human Resource Officer Renato Jiao has been acknowledged as one of the top 100 impactful HR leaders in the region for 2025 by ETHRWorld Southeast Asia HR Icons. This yearly project was orchestrated by ETHRWorld Southeast Asia, the human resources division of The Economic Times. It recognizes CHROs and senior HR officials who have made outstanding contributions to leadership, innovation, and transformation within the HR field. In contrast to a conventional ranking system, the HR Icons list honors aspirational HR leaders from various countries in the region, including Singapore, Malaysia, Thailand, Indonesia, and the Philippines. Honorees are chosen…
A significant and contentious subject in the realm of personal wallet security is the idea of “brainwallets” – securing assets utilizing a private key created from a password retained solely in one’s memory. Theoretically, brainwallets could offer an almost idyllic assurance of safety for long-term investments: as long as they remain dormant, they are impervious to tangible theft or any form of hacking, and there is no way to even demonstrate that you continue to recall the wallet; they are as secure as your very own cognitive ability. Nevertheless, many have contested the use of brainwallets, arguing that the human…
Renowned CryptoQuant analyst Maartunn indicates that 8,000 Bitcoin (BTC) which had been inactive for a period of five to seven years were abruptly transferred, exacerbating existing bearish worries within the cryptocurrency space. This event follows a rather tumultuous week as BTC values attempted to surpass $89,000, after an initial consistent bullish ascent, only to be overwhelmed by significant sell-off pressures influenced by US President Donald Trump’s aggressive tariff regulations. $674 Million In Aged BTC Moves In One Block – A Reason For Concern? The Spent Output Age Bands is an essential indicator that evaluates how long Bitcoin coins stay inactive…
The institutional acceptance of Bitcoin within the European Union is still sluggish, even as the United States advances with pivotal cryptocurrency regulations aimed at designating BTC as a national reserve asset.Over three weeks following President Donald Trump’s March 7 executive order detailing plans for utilizing cryptocurrency seized in criminal matters to establish a federal Bitcoin (BTC) reserve, European enterprises largely have remained quiet on this subject.The inertia may be attributed to Europe’s intricate regulatory environment, as noted by Elisenda Fabrega, chief legal officer at Brickken, a European real-world asset (RWA) tokenization platform.“The adoption of Bitcoin in the European corporate sector…
Well… what a hectic fortnight. I deemed it appropriate to provide another update for anyone interested in our progress. In case you’re not familiar, I’m Gavin, a co-founder of Ethereum and one of the three executives (alongside Vitalik and Jeffrey) of Ethereum ÐΞV, the development organization driving Ethereum and all the related technologies. After conducting some recruitment on behalf of DEV in Bucharest, aided by Mihai Alisie and the wonderful Roxanna Sureanu, I spent the past week at my residence (which also happens to be the Ethereum HQ) in Zug, Switzerland. During this period, I made progress on the initial…
Semilore Faleti is a cryptocurrency journalist specializing in the discipline of news reporting and content development. Although he initially began writing on various topics, Semilore quickly discovered a talent for demystifying the complexities and nuances in the captivating realm of blockchains and cryptocurrency. Semilore is captivated by the effectiveness of digital currencies regarding the storage and transfer of value. He is a fervent supporter of cryptocurrency adoption, as he contends it can enhance the digitalization and transparency of current financial systems. In his two years of active writing in the crypto space, Semilore has addressed numerous facets of the digital…
Connect with us on SpotifyBusinessWorld B-Side In honor of National Women’s Month, we celebrate the pioneering Filipinas who have triumphed against all odds through their achievements in diverse sectors. Nevertheless, we must also recognize the obstacles that hinder women from shattering prevailing glass ceilings. Carlota Salamat Andres discusses in a conversation with BusinessWorld her path to becoming an S&E engineer, and emphasizes why more Filipinas should be granted additional opportunities to thrive in the sciences. Interview by Beatriz Cruz Audio editing by Jayson Mariñas Connect with us on SpotifyBusinessWorld B-Side Source link